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# J% @6 R4 ] w2 T+ c uEDMONTON JOURNAL MAY 8, 2013
9 z- @. S& e) M2 F0 x u2 XHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.! z' i- l9 ^" U% I( A
Photograph by: John Lucas, file , Edmonton Journal
6 T2 _; M, w1 UEDMONTON - Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier, Canada Mortgage and Housing Corp. said Wednesday.
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Builders started 560 single-detached homes, up from 493 units in April 2012. The multi-family sector grew to 943 units, up from 474 a year earlier.7 ]) O$ Q1 _9 O1 u$ @6 j% ^" O
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Housing starts in the region were trending at 14,424 units in April, compared to 13,738 in March. The trend is a six-month moving average of the monthly seasonally adjusted annual rates of total housing starts.
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' D; [/ [( Q$ z8 u“The trend in total housing starts moved higher in April, driven by gains in both the single-detached and multi-family sectors,” said David Lan, CMHC senior market analyst for Edmonton. “Growth in full-time employment and net migration in the CMA contributed to the increase in housing starts.”+ F# |. P; c3 V3 l; F* {
" O) o& H3 j7 K, [- XIn Calgary, both single- and multi-family starts declined in April to 1,067 from 1,711 in April 2013. Calgary’s single-detached starts in April were 545 units, down from 560 in April 2012. The multi-family sector decreased to 522 units from 1,151 last year.* t' I8 h+ D8 @+ m5 b. U; q
6 d4 I+ d- T. vThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March., ?2 E/ P8 w7 D' F% w
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Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.
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Consumers remain confident despite a moderating pace of economic growth, he said.3 ?- H- O- N4 l; G3 C1 ?! A6 b3 j7 J3 g
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“Many Albertans — thousands of which are newly arrived job-seekers from other provinces or countries — are expressing their optimism by purchasing a new home,” Hirsch said.+ o; g- M1 |7 i% i2 \" L1 V
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